Manulife Investments has launched the Manulife CQS Multi Asset Credit Fund, managed by its affiliated adviser Manulife | CQS Investment Management, aiming to deliver both income and capital growth through a diversified mix of credit-related instruments issued by global companies. 

Structured as a mutual fund, the strategy will invest across developed markets in corporate bonds, asset-backed securities, loans, and convertible bonds, with dynamic allocation flexibility. Kristie Feinberg, global head of Retail at Manulife Wealth & Asset Management, said the launch broadens Manulife’s liquid and semi-liquid alternatives platform to meet growing investor demand for diversification and income, noting it is the firm’s first Canada-based fund launch in partnership with the Manulife | CQS team. 

Soraya Chabarek, president and CEO of Manulife | CQS Investment Management, said the fund is designed to deliver income comparable to high-yield bonds while managing risk and preserving capital, leveraging a decade-long collaboration and fundamental credit research to optimize positioning across asset classes, geographies, and sectors. 

The portfolio will be led by co-CIO Craig Scordellis, head of global loans James Fitzpatrick, and senior portfolio manager Darren Toner. 

The launch comes shortly after Manulife’s agreement to acquire a 75% stake in Comvest Credit Partners for $937.5 million, a move that will create a private credit platform with $18.4 billion in AUM when the deal closes in Q4.